[sfobiab]

Andrew Wilkinson recently took a company public in Canada through a reverse takeover https://www.google.com/search?q=CVE:+WE

Very early in the life of the company they have undertaken some pretty dishonest accounting of their revenues, net retention and other key metrics. The CFO resigned after the first reporting quarter.

I have a strong feeling there is more to this character than just the recycling of virtue filled business models.

Buyer (seller) beware.

[tobyjsullivan]

Just for my own edification, is the suggestion here that a reverse takeover is inherently dishonest? I'm asking out of genuine ignorance.

I read up on reverse mergers a while ago and couldn't get a read one way or the other - felt kinda similar to a direct listing (which I understand even less). Anecdotally, the company that was considering doing it seemed suss af.

[wbl]

It's a way to avoid the scrutiny of most paths to take a company public. See also the billion dollar deli.

[moneywoes]

Guy is a great writer though